When you think about “risk management” in procurement, a familiar list that includes cyber attacks, economic instability and supplier consistency, to name a few, probably come to mind. These are, without a doubt, all legitimate areas with which you must be mindful.
But what is the most significant risk that you believe procurement faces in the coming year?
Take a quick minute to respond to our poll, and look for my article “Understanding Procurement’s Greatest “Hidden” Risk in the December 20th issue of The Procurement Magazine (Italy).
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Posted in: Commentary, The Procurement Magazine
Procurement Insights 
colin cram
December 17, 2019
Creating specifications and evaluation criteria that may make digital management of sourcing and products easier, but which may not suit the business. Winning contracts is often about .how you tell it’. Great product but limited expertise in ‘how you tell it’ may lose against much poorer product and much slicker tendering. So there is an increased risk that digital procurement may provide an alibi if things go wrong, rather than ensure the business gets what it needs and stays ahead of the game.
piblogger
December 18, 2019
As always, Colin. Great insights! The alibi comment is especially noteworthy.